Question

shopkeeper allows a discount of 20% on the marked price of an article, and sells it for 896,

(a) Calculate the marked price of the article.

(b) By selling the article at the discounted price if he still gains 12% on his cost price, what was the cost price ?

(c) What would have been his profit percentage, if he had sold the article at the marked price ?​

Answer 1

Step-by-step explanation:

(1)let the market price X

discount on market price = 20%

So discount =( X×20)/100

= 20X/100

selling price = market price - discount

= X-(20X/100)

=80X/100

according to question:-

80X/100 = 896

X= = 89600/80

X =1120 ₹. -ans

(2)896= 112% of cost price

cp = 89600/112=800 Rs

(3) if he had sold it for marked price 1120 rs then profit= 1120-800=320rs

hence profit % = 320/800*100=40%